MarketsFarm — Logistics issues moving grain where it needs to be in Western Canada continue to prop up feed prices, but the market is starting to level off, according to a broker. “We are seeing a bit of a shortage of trucks,” said Tracy Green of Market Master Ltd. in Edmonton, adding “things are still […] Read more
Feed weekly outlook: Firm Prairie market leveling off
U.S. grains: Soy futures fall to two-month low
Chicago | Reuters — U.S. soybean futures slid to a two-month low on Wednesday on technical selling and expectations that increased rains will benefit crops in rival shipper South America. Corn and wheat futures also fell as traders adjusted positions ahead of Thursday’s Thanksgiving holiday, when U.S. markets will close. The markets will reopen for […] Read more
U.S. grains: Soy hits two-month low on export competition
Chicago | Reuters — U.S. soybean futures fell to their lowest in more than two months on Tuesday on a mix of technical selling and export competition from South American supplies, traders said. Corn and wheat futures also declined after rallying a day earlier. Chicago Board of Trade January soybean futures settled down 8-1/4 cents […] Read more
U.S. grains: Wheat hits one-month top on firm cash markets
Chicago | Reuters — U.S. wheat futures climbed to a one-month high on Monday on firm domestic cash values and signs of rising global cash prices, traders said. Corn futures followed wheat higher but soybean futures fell, with the benchmark January contract hitting its lowest level in more than two months. Chicago Board of Trade […] Read more
Prairie cash wheat: Soft Minneapolis futures weigh on bids
MarketsFarm — Wheat bids in Western Canada were lower during the week ended Thursday, pressured by losses in U.S. futures. Hard red spring prices saw the largest drop, as Minneapolis futures trended lower despite adverse weather conditions across the U.S. Plains that helped underpin Chicago and Kansas City winter wheats. Average Canada Western Red Spring […] Read more
U.S. grains: Soy falls below US$9 on South America weather, trade doubts
Chicago | Reuters — U.S. nearby soybean futures closed below $9 a bushel on Friday for the first time since September, pressured by improving crop weather in South America and fears that an initial U.S.-China trade deal could be pushed back to next year, analysts said. Wheat futures ended higher, while corn settled narrowly mixed. […] Read more
U.S. grains: Soybeans slide, nearing support at US$9
Chicago | Reuters — U.S. soybean futures fell to their lowest in almost two months on Thursday as uncertainty about progress in U.S.-China trade talks overshadowed support from stronger-than-expected weekly U.S. export sales, analysts said. Wheat futures also declined, backing down from a two-week high, but corn futures rose on signs of improving export and […] Read more
U.S. grains: Soy, corn fall as hopes fade for China trade deal this year
Chicago | Reuters — U.S. corn futures fell to a two-month low and soybean futures hit a seven-week low on Wednesday on fading expectations for a U.S.-China trade deal before the end of the year, analysts said. Chicago Board of Trade wheat futures closed modestly higher on technical buying and concerns about this week’s decline […] Read more
U.S. grains: Wheat futures climb on short-covering
Chicago | Reuters — U.S. wheat futures hit their highest in nearly a week on Tuesday as declining U.S. wheat condition ratings and worries about Southern Hemisphere crop prospects fueled a round of short-covering, analysts said. Corn firmed on signs of improving export prospects and soybean futures closed modestly higher. Chicago Board of Trade December […] Read more
U.S. grains: Corn, soy slide on South American weather, trade worries
Chicago | Reuters — U.S. corn futures hit a two-month low on Monday and soybean futures touched their lowest in seven weeks on forecasts for improving crop weather in South America and uncertainty about prospects for a U.S.-China trade deal, analysts said. Wheat futures rose as worries about tightening global supplies sparked a round of […] Read more
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